Business

Canada’s top exchange pushes to end quarterly reporting for all firms

Thursday, March 12 by SRN News

By Anirban Sen BOCA RATON, March 12 (Reuters) - TMX Group, which operates the Toronto Stock Exchange, is in talks with Canadian regulators to push through new rules that will allow all companies to report earnings every six months, instead of on a quarterly basis,... Read More.

Prediction markets need more oversight, clearer rules, CME’s Duffy says

Thursday, March 12 by SRN News

By Anirban Sen BOCA RATON, Florida, March 12 (Reuters) - Prediction markets - one of the hottest U.S. asset classes over the past year - need tighter rules that clearly separate outcome-based financial contracts from event wagers that amount to gambling, the head of a... Read More.

US commodity regulator kicks off rulemaking for prediction markets

Thursday, March 12 by SRN News

WASHINGTON, March 12 (Reuters) - The U.S. Commodity Futures Trading Commission on Thursday called for public comment ahead of a regulatory proposal it said would shape government oversight of the burgeoning market for events contracts and prediction markets. In a public notice, the agency drew... Read More.

Stellantis exploring deals for Chinese automakers to invest in its business, Bloomberg reports

Thursday, March 12 by SRN News

March 12 (Reuters) - Stellantis is exploring deals with Chinese carmakers through which they would invest in the Fiat owner's struggling European operations, Bloomberg News reported on Thursday. Its executives have met with China's Xiaomi and Xpeng Inc to discuss options for an overhaul... Read More.

Iran war casts shadow over HSBC and StanChart Middle East ambitions

Thursday, March 12 by SRN News

By Lawrence White and Selena Li LONDON/HONG KONG, March 12 (Reuters) - Just days before the U.S. and Israel launched strikes on Iran, HSBC's CEO Georges Elhedery said the Asia-Middle East corridor was becoming "a defining axis of global growth". This week, HSBC closed its... Read More.

Average US long-term mortgage rate rises to 6.11%, back to where it was 5 weeks ago

Thursday, March 12 by SRN News

The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market jitters over the war with Iran. The benchmark 30-year fixed rate mortgage rate ticked up to 6.11% from 6% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the... Read More.

When stock markets get shaken, it can pay for investors to be patient

Thursday, March 12 by SRN News

NEW YORK (AP) - When stock markets are as manic as they've been recently, it's natural to want to do something to protect your retirement savings. Historically, though, staying calm has usually been best. The U.S. stock market has a track record of recovering... Read More.

Lawyers in landmark social media addiction trial make final appeals to the jury

Thursday, March 12 by SRN News

LOS ANGELES (AP) - After about a month of hearing from addiction experts, therapists, platform engineers and executives, including Mark Zuckerberg, a jury will listen to closing arguments before heading to the deliberation room to decide whether social media companies should be liable for... Read More.

Smaller portions are a big restaurant trend as customers watch their budgets and waistlines

Thursday, March 12 by SRN News

The biggest new restaurant trend is small. Special menus with petite, less expensive portions are popping up all over, from large chains like Olive Garden and The Cheesecake Factory to trendy urban eateries and farm-to-fork dining rooms. Restaurants hope that offering smaller servings beyond the children's... Read More.

Private credit funds slide as investors sell out

Thursday, March 12 by SRN News

By Isla Binnie, Tommy Reggiori Wilkes and Iain Withers NEW YORK/LONDON, March 12 (Reuters) - Investment funds run by big financial firms such as KKR and Blue Owl have seen their stock prices slide in recent weeks as investors question the quality of the loans... Read More.

Current Weather

Canada’s top exchange pushes to end quarterly reporting for all firms

Prediction markets need more oversight, clearer rules, CME’s Duffy says

US commodity regulator kicks off rulemaking for prediction markets

Stellantis exploring deals for Chinese automakers to invest in its business, Bloomberg reports

Iran war casts shadow over HSBC and StanChart Middle East ambitions

Average US long-term mortgage rate rises to 6.11%, back to where it was 5 weeks ago

When stock markets get shaken, it can pay for investors to be patient

Smaller portions are a big restaurant trend as customers watch their budgets and waistlines

Private credit funds slide as investors sell out

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